All posts tagged ERM2

Location, location, location. Not only real estate professionals or marketing specialists know location is the paramount. The Center for Europe of Warsaw University must have had a reason to pick the Warsaw Rising Museum as the venue for its student debate entitled “The Polish road toward the euro.”

What road?

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In autumn 2008, Polish Prime Minister Donald Tusk, announced out of the blue that we will adopt the euro in 2012. Even as he spoke, such an early date was technically impossible. The next 18 months later and Poland has moved nowhere nearer to this ambition.

The global financial crisis took the Polish zloty on its rollercoaster ride. The central government deficit ballooned, kicking off European Union excessive deficit procedure. All of this means Poland’s road toward the euro is a dead-end for now.

Maybe organizers should amend the names of their frequent euro adoption debates and seminars? Read More »

Hungarian Finance Minister Peter Oszko told Dow Jones Newswires in an exclusive interview Tuesday that the country’s improving finances could allow it to discontinue financial aid from the International Monetary Fund as early as October 2010. Here are his comments, grouped according to key issues. Read More »

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